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New Burj Al Arab Head Praises Work Progress at Several Factories

Essam Badawi, head of the New Burj Al Arab City Development Authority, praised the full-capacity production as well as all necessary measures taken to curb the virus, stressing the cooperation of all departments to overcome any obstacles that may face the work process

Egypt’s Suez Canal Achieves Higher Revenues

Egypt’s Suez Canal Authority Chairman Osama Rabie said the canal achieved a 2 % increase in its revenues to USD 1.907 bn during the first four months of 2020

Asphalt is Laid on Roads of 800-Acre Neighborhood: Official

Head of New October City Development Authority Adel El Naggar announced that asphalt is being laid on roads of the social housing project located in section D of the 800-acre neighborhood

Development Projects Underway in New Mansoura

Head of New Damietta Development Authority Mohamed Ragab followed up on projects being implemented in New Mansoura City

Egypt Might See Slow Growth Due to Coronavirus: Minister

Planning Minister Hala El Saeed said Egypt endeavors to see a growth of 3.5% in FY 2020/21, yet this figure could cripple to 2% if the coronavirus pandemic continues till December.

CED Awards EGP 138 mn Contract to Construct Etapa Phase II

Egypt's national developer City Edge Developments (CED) has awarded an EGP 138 mn contract to Gama Construction for carrying out construction works of phase II of Sheikh Zayed's Etapa.

COVID-19 Affected 5 Sectors in Egypt: Al-Mashat

Minister of International Cooperation Rania Al-Mashat commented that the recent pandemic outbreak negatively affected five main sectors in Egypt, Invest-Gate reports.

NAC’s R3 Reaches 84% Implementation Rate: Minister

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar stated that the implementation rate of R3 in New Administrative Capital (NAC) reached 84%, Invest-Gate reports.

Gov’t Eases Payment of Health Sector Dues

Egypt’s Ministry of Finance issued new decisions regarding the payment of financial dues by the health sector amid the coronavirus (COVID-19) crisis

First Group to Launch New Project in May

Real Estate Developer “First Group” launches its newest development projects in Sheikh Zayed City, by the end of May 2020, Invest-Gate reports.

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